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Mitt Romney is running for re-election to Marriott International's board of directors, a role that U.S. Senate rules bar him from holding if he wins election to a Utah Senate seat this November.More >>

(RNN) - Rep. Michele Bachmann, R-MN, announced via a Youtube video Wednesday morning that she will not seek re-election for her congressional seat in 2014.

A tea party founder, she was an unsuccessful contender for the 2012 Republican presidential nomination.

Bachmann's decision, she said, was based on the realization that she had served "long enough." Bachmann has represented Minnesota's 6th Congressional District in the House of Representatives for four terms.

Citing the term limits for president, she stated in the video: "And in my opinion, eight years is also long enough for an individual to serve as a representative for a specific congressional district."

"Be assured, my decision was not in any way influenced by any concerns about my being re-elected to Congress," Bachmann said, describing herself as confident she would defeat the person she defeated in 2012, businessman Jim Graves, who announced he is again running.

Bachmann also claimed her decision was not influenced by the inquiries into her presidential campaign or her former staff.

According to National Public Radio, the Office of Congressional Ethics launched a probe this year into Bachmann, apparently in relation to her presidential campaign, which also was subject of a Federal Election Commission complaint.

"It was clearly understood that compliance with all rules and regulations was an absolute necessity for my presidential campaign, and I have no reason to believe that that is not the case," she added.

She said she will continue to work "100-hour weeks" to fight for conservative values and "continue to work vehemently and robustly to fight back against what most in the other party want to do to transform our country into becoming, which would be a nation that our founders would hardly even recognize today."

When she announced her presidential bid, Bachmann said she decided to run for president because she realized 2012 was the nation's last chance to repeal Obamacare and the Dodd-Frank financial reform bill, which she claims is hurting business.

She also has stood against evolution, a minimum-wage increase and gay marriage.

After finishing sixth in the Iowa Caucus, Bachmann ended her bid for the presidency in January 2012.

Bachmann admitted that she considered not running for her Congressional seat after losing the Republican nomination to Mitt Romney. However, she thought pulling out nine months before the election would put her seat in jeopardy.

The Minnesota representative previously served as a federal tax litigation attorney and served in the Minnesota state Senate. In 2006, she became the first Republican woman from Minnesota to be elected to the U.S. House.

In 2010, she founded the Tea Party Caucus "to promote Americans' call for fiscal responsibility, adherence to the Constitution, and limited government," according to her website.